Christie's appoints new regional president of the AmericasJulien Pradels will be promoted to regional president of the Americas at Christie's, succeeding Bonnie Brennan.
Comment | Plunging sales see shine come off luxury goods at auctionAuction houses are facing a significant downturn in luxury goods sales, especially in jewellery markets, as revenues decline.
The Year in Review: art market slump squeezes biggest players and Frieze for saleThe high-end art market is experiencing significant contraction, impacting major auction houses and galleries with layoffs and closures.
'One auction house will fold, as will more fairs': experts give their art market 2025 predictionsThe art market is expected to see growth in lower-priced segments while facing challenges in the middle market due to geopolitical tensions.
Choppy waters ahead for the art marketSotheby's experienced an 88% drop in core earnings, reflecting a wider trend of declining auction sales in the art market.
Comment | Sotheby's fees fiasco displays terrible timing and a miscalculation of market dynamicsSotheby's reverted its premium structure due to misreading the art market's dynamics and psychology, leading to a significant drop in market share.
Brooke Lampley leaves Sotheby's to join Gagosian in latest high-profile auction departureBrooke Lampley leaves Sotheby's to join Gagosian as senior director in NY.
Comment | Plunging sales see shine come off luxury goods at auctionAuction houses are facing a significant downturn in luxury goods sales, especially in jewellery markets, as revenues decline.
The Year in Review: art market slump squeezes biggest players and Frieze for saleThe high-end art market is experiencing significant contraction, impacting major auction houses and galleries with layoffs and closures.
'One auction house will fold, as will more fairs': experts give their art market 2025 predictionsThe art market is expected to see growth in lower-priced segments while facing challenges in the middle market due to geopolitical tensions.
Choppy waters ahead for the art marketSotheby's experienced an 88% drop in core earnings, reflecting a wider trend of declining auction sales in the art market.
Comment | Sotheby's fees fiasco displays terrible timing and a miscalculation of market dynamicsSotheby's reverted its premium structure due to misreading the art market's dynamics and psychology, leading to a significant drop in market share.
Brooke Lampley leaves Sotheby's to join Gagosian in latest high-profile auction departureBrooke Lampley leaves Sotheby's to join Gagosian as senior director in NY.
Leader Spotlight: Creating a seamless digital experience for luxury products, with Elizabeth Van Bergen - LogRocket BlogPhillips created an omnichannel strategy to blend in-person and digital experiences for luxury art buyers, crucial for adapting to modern client needs.
Amid cutbacks, big art market players are still chasing growthThe art market is shifting due to economic stress and changing generational preferences, prompting major players to rethink their strategies.
Phillips auction house executive chairman Ed Dolman resignsLong-time Phillips executive Ed Dolman resigns as chairman, marking continued leadership changes amid a drop in auction sales.
Auction houses expect this month's New York sales to bring in as much as $1.6bnNew York auction houses expect $1.2bn to $1.6bn from autumn sales, indicating a softening art market.
Leader Spotlight: Creating a seamless digital experience for luxury products, with Elizabeth Van Bergen - LogRocket BlogPhillips created an omnichannel strategy to blend in-person and digital experiences for luxury art buyers, crucial for adapting to modern client needs.
Amid cutbacks, big art market players are still chasing growthThe art market is shifting due to economic stress and changing generational preferences, prompting major players to rethink their strategies.
Phillips auction house executive chairman Ed Dolman resignsLong-time Phillips executive Ed Dolman resigns as chairman, marking continued leadership changes amid a drop in auction sales.
Auction houses expect this month's New York sales to bring in as much as $1.6bnNew York auction houses expect $1.2bn to $1.6bn from autumn sales, indicating a softening art market.
Privacy rules are spelling trouble for the art marketIncreased confidentiality periods at auction houses hinder access to historic sales records, driven by privacy laws like GDPR.
Fake art network of Banksys, Warhols and more dismantled in ItalyItalian authorities dismantled a network of European art forgers selling fake works of famous artists, potentially causing damages of €200 million.
Italy: Police bust crime network forging renowned paintings DW 11/11/2024A major police operation uncovered a network behind 2,100 forged artworks attributed to famous artists, highlighting significant art forgery concerns in Europe.
Fake art network of Banksys, Warhols and more dismantled in ItalyItalian authorities dismantled a network of European art forgers selling fake works of famous artists, potentially causing damages of €200 million.
Italy: Police bust crime network forging renowned paintings DW 11/11/2024A major police operation uncovered a network behind 2,100 forged artworks attributed to famous artists, highlighting significant art forgery concerns in Europe.
How auction houses are embracing artificial intelligence-while human involvement is 'still crucial'AI advancements are enhancing auction houses' visibility and efficiency, particularly in translation and data management, expanding their international reach.
Benoit Mintiens of Ressence Recovers 3 Stolen WatchesBenoit Mintiens recovered stolen Ressence prototypes thought to be lost forever after nearly a decade.
As collectors' tastes for ornate interiors ebbs, challenges to the trade riseFilling interiors with personal pieces creates a unique home atmosphere.
After the Christie's cyberattack, who could be next?The cyberattack on Christie's during New York's spring 2024 season highlights the serious threat hackers pose to the art trade, emphasizing the importance of cybersecurity measures.